Equities on major United States stock markets closed the trading session on Friday lower. Novel coronavirus (COVID-19) developments grabbed the investors’ focus as the number of confirmed coronavirus cases worldwide climbed over 101,000 with the death toll reaching 3,462. United States President Donald Trump signed an $8.3 billion bill for allocating funds to fight against the COVID-19 outbreak. Meanwhile, US Census Bureau said that wholesale inventories were down 0.4% in January. The United States Bureau of Labor Statistics reported there 273,000 non-farm jobs in February added. Also, the Bureau of Economic Analysis said the trade deficit narrowed to $45.3 billion in January. The Dow Jones Industrial Average index declined by 0.98% at the close. JPMorgan Chase & Co was the worst performer, losing 5.13%. The Nasdaq 100 decreased by 1.63% as the trading session ended. Autodesk lost the most, 5.77%. The S&P 500 lost 1.71% at the closing bell as Diamondback Energy dropped 16.58%. Nick Note: Todays trading action was not conclusive. Has the bottom been put in? Important question. I think not. I can tell you that forces are at work here that are gravely concerned about the integrity of the GLOBAL financial system, This by far is the most difficult, confused market i have ever seen. Thats OK i love difficult and confused because it is the most profitable market state you could ask for. With 1 cravat…. we can scratch our ases and figure out how to trade it!